Target Co. (NYSE:TGT) Shares Bought by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC grew its stake in shares of Target Co. (NYSE:TGT) by 18.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,829 shares of the retailer’s stock after purchasing an additional 2,514 shares during the quarter. Legacy Financial Strategies LLC’s holdings in Target were worth $2,805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after acquiring an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. increased its position in shares of Target by 0.9% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after acquiring an additional 70 shares during the last quarter. Welch & Forbes LLC increased its position in shares of Target by 0.9% during the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after acquiring an additional 71 shares during the last quarter. Beacon Financial Advisory LLC increased its position in shares of Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after acquiring an additional 72 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Target by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT traded up $2.75 on Friday, reaching $146.13. 5,430,871 shares of the stock traded hands, compared to its average volume of 3,904,802. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm’s fifty day simple moving average is $155.15 and its 200 day simple moving average is $152.56. The company has a market cap of $67.61 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.34 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same quarter last year, the company posted $2.05 EPS. Target’s revenue was down 3.2% on a year-over-year basis. As a group, research analysts predict that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.07%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TGT shares. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price objective on shares of Target in a report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. UBS Group lowered their price objective on Target from $191.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Robert W. Baird reissued an “outperform” rating and issued a $190.00 price objective on shares of Target in a report on Thursday, May 23rd. Finally, Royal Bank of Canada lowered their price objective on Target from $191.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.